Dow Today: International Business Machines (IBM) Leads The Day Higher, Procter & Gamble (PG) Lags

The Dow Jones Industrial Average ( ^DJI) closed up 28 points (+0.2%) at 12,980. During the day, 694.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 818.6 million. The NYSE advances/declines ratio closed at 2,017 issues advancing vs. 982 declining with 99 unchanged.

The Dow component that led the way higher today was International Business Machines (NYSE: IBM), which sported an 80-cent gain (+0.4%) bringing the stock to $197.53. This single gain is lifting the Dow Jones Industrial Average by 6.05 points or roughly accounting for 21.6% of the Dow's overall gain. Volume for International Business Machines ended the day at 3.5 million shares traded vs. an average daily trading volume of 5.1 million shares.

International Business Machines has a market cap of $226.21 billion and is part of the technology sector and computer hardware industry. Shares are up 7% year to date as of Wednesday's close. The stock's dividend yield sits at 1.5%.

International Business Machines Corporation (IBM) provides information technology (IT) products and services worldwide. The company has a P/E ratio of 15.2, above the average computer hardware industry P/E ratio of 14.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

Holding the Dow back today was Procter & Gamble (NYSE: PG), which lagged the broader Dow index with an 88-cent decline (-1.3%) bringing the stock to $66.74. Volume for Procter & Gamble ended the day at 11.1 million shares traded vs. an average daily trading volume of 10.3 million shares.

Procter & Gamble has a market cap of $177.46 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 1.4% year to date as of Wednesday's close. The stock's dividend yield sits at 3.1%.

The Procter & Gamble Company provides consumer packaged goods in the United States and internationally. The company has a P/E ratio of 19.8, above the average consumer non-durables industry P/E ratio of 16.4 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Procter & Gamble as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, reasonable valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
null

If you liked this article you might like

The Best Companies for Women

Hewlett Packard Enterprise Becomes the Latest Tech Titan to Slash Jobs

Sorry Elon Musk but Artificial Intelligence Grows Jobs: Domino's Pizza CEO

Ray Dalio Also Thinks AI Will Be a Killer Just Like Tesla's Elon Musk Does